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10 Pesos Banco Italiano del Uruguay
| Issuer | Banco Italiano del Uruguay |
|---|---|
| Year | 1887 |
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| Shape | Rectangular |
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| Obverse lettering | 10 el BANCO ITALIANO del URUGUAY Montevideo, 20 Setiembre 1887 A N° 44646 PAGARÁ AL PORTADOR Y Á LA VISTA DIEZ PESOS Moneda nacional en oro sellado con arreglo á las Leyes vigentes sobre monedas. POR EL BANCO DIEZ 10 American Bank NoteCo. New York (Translation: The Italian Bank of Uruguay Montevideo, September 20., 1887 Will pay to the bearer, at sight ten Pesos, national currency in sealed gold, accordingly to current Laws about currency. By the Bank Ten) |
| Reverse description | Blue on yellow underprint. Central vignette of a seated allegorical female figure surrounded by industrial and commercial symbols — a cogwheel, bale, barrel, and vice — with a steam train and ships rendered in the background. Issuer name split above and below the vignette, denomination in numerals at all four corners, printer imprint below. |
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| Comments |
Banco Italiano del Uruguay was one of several private commercial banks operating in Uruguay before the state monopoly on note issuance was established under the 1896 banking reforms. This note predates that consolidation by nearly a decade, placing it firmly in the pluralistic — and frequently chaotic — period when Italian immigrant business networks had genuine financial infrastructure in Montevideo.
ABNC's New York presses handled much of South America's private bank paper in this period, and the quality of production typically outpaced the solvency of the institutions ordering it. The Banco Italiano del Uruguay did not survive into the twentieth century.